CAIA Tutoring
Table of Contents
Prep for the CAIA Exam and a Career in Alternative Investments
There are many directions you can pursue in your financial career, but one of the most exciting (and potentially lucrative) paths involves working in alternative investments. But to do that, you’re almost guaranteed to have to pass the CAIA exam first. Many of the roles associated with investing in non-traditional asset classes are not accessible to anyone who has not passed this test and, at MyGuru, we understand the crucial importance of this exam for anyone who dreams of a financial career dealing with securities.
The CAIA exam—or, more fully, the Chartered Alternative Investment Analyst exam—is created and administered by the CAIA Association. Odds are, you’ve previously taken such standardized tests as the ACT or SAT, both of which primarily test your fundamental verbal and quantitative skills. The CAIA, by comparison, is largely an exam of specialized knowledge and its application. This exam tests candidates on their expertise regarding alternative asset classes and related investment strategies, risk management, and portfolio management techniques. The exam also tests candidates on industry regulations, ethical standards, and best practices.
However, in addition to deepening your familiarity with these concepts, there are skills you should attempt to master in order to succeed on the CAIA, including critical thinking, analytical skills, and quantitative skills, and even your powers of memory and recall. Talented tutors can not only help you work to memorize the subject matter—they can also help you develop these skills so you can apply them on the CAIA. Furthermore, experienced tutors can help you to create and implement a personally tailored study plan, which will help you successfully prep for the exam and kickstart your securities career.
The MyGuru Edge for CAIA Prep
Even though tests may be standardized, every student is unique. At MyGuru, our CAIA tutors are experts at providing customized test prep guidance that enables each individual student to maximize their scoring potential. Our tutors possess extensive expertise regarding the content of the CAIA, as well as the art and science of test prep. They’ll work hand-in-hand with you to design a targeted study plan and an individualized learning approach that will help you unlock your highest scoring potential.
MyGuru’s CAIA tutoring offers advanced interactive whiteboarding tools that don’t require any more specialized equipment than an internet-connected device, a microphone, and a camera. As you work with your tutor, you’ll engage with live practice problems while also conducting a comprehensive review of the CAIA exam’s subject matter. This two-pronged approach will leave you ready to tackle future problems on your own come exam day.
Upon conclusion of each MyGuru tutoring session, the notes you and your tutor created on the whiteboard will remain available as PDFs or on a private whiteboard, which you can continue to access and interact with as you prep between live-tutoring sessions. Over time, these notes will accumulate into a personally-targeted “textbook” that is designed specifically for your learning needs—the ways MyGuru supports your learning even outside of your live sessions is a big part of what sets us apart from our competitors.
Request a CAIA Tutor
Customized CAIA Study
Choosing the best CAIA tutor for you is one of the most important choices you’ll make on your professional journey, and it represents a major investment in your future career. In order to support you as you try to make the right decision for yourself, MyGuru always offers a free 15-minute introductory videoconference with your potential MyGuru CAIA tutor. During this session, you’ll have the chance to evaluate your fit with that tutor, so that you can make an informed decision about moving forward with instruction.
We also offer introductory phone calls, but prefer videoconferences, since we strongly believe these offer a better opportunity to demonstrate what makes MyGuru the best option for your CAIA tutoring needs.
During your introductory videoconference, you’ll be able to:
- Experiment with our live screen-sharing technology and our highly functional dynamic whiteboarding tools
- Learn the differences between our standard and premium tutoring services
- Start developing a personally tailored CAIA exam prep schedule and a curriculum of prep materials, which will include individualized homework assignments and study plans
- Share about your background and personal journey with the CAIA exam and other standardized tests you may have taken or might be considering, which will help your tutor better assess your individual needs
- Participate in an introductory conversation with your potential CAIA tutor, so you can be sure the two of you are a good match
CAIA Tutoring Pricing & Package Options
One of MyGuru’s most important pillars is our belief in ensuring our clients are not only satisfied, but get a maximum return on their investment. You do not have to make any long-term commitment in order to start your CAIA test prep with MyGuru, beyond purchasing your first hour of instruction. However, if you are interested in making a larger investment and lowering your hourly rate, we offer several tiers of instruction and packages of hours. You can make the choice that works best for you—each of our tiers has helped students achieve excellent results on the CAIA. Furthermore, many of our students have gone on to pass other financial industry exams, including FINRA exams, the CFA, CMA, GMAT, and more. And many MyGuru alumni have landed enviable positions at premier financial firms.
- Standard Online | $130 per hour | $600 for 5 hours | $1,400 for 12 hours | $2,700 for 24 hours
Our Standard Online CAIA tutoring is the most affordable option we offer, and provides meaningful savings as compared to the rates our competitors offer. This tier offers CAIA prep that’s tailored to each individual student’s needs, led by a tutor with significant CAIA tutoring experience. Every student in the Standard Online tier receives PDFs of the notes from their whiteboard sessions within 24 hours of the completion of the lesson, thus offering ongoing support as you continue your test prep after every live session.
- Premium Online | $200 per hour | $900 for 5 hours | $2,100 for 12 hours | $4,000 for 24 hours
The Premium Online tutoring tier is our highest value offering. Students who choose this option receive audio, video, and whiteboard recordings of every one of their sessions, which remain available for up to three months following the final lesson with MyGuru. The Premium Online option also offers private access to an interactive whiteboard, which allows students to practice applying their testing strategies live in the presence of the tutor. Students can also post questions or comments between sessions. Your tutor will monitor the board daily and respond to your needs and concerns, which allows your whole test prep experience to be continually interactive.
We’ve designed all our packages in order to grant you maximum flexibility, whether you prefer to schedule regular 60, 90, or 12-minute sessions. You can also choose your scheduling based on your own availability and preferences. After purchasing a multi-hour package, any additional lessons beyond that initial package will be billed at the prorated hourly package rate. And upon completion of your CAIA tutoring, if you’ve paid for any unused hours, we will refund you (minus a 5% processing fee).
If you would prefer to conduct your tutoring in-person, we can accommodate that in most major US cities, at the same prices as our Premium Online instruction. However, we recommend online tutoring, given that the CAIA exam is administered on a computer. Additionally, online tutoring offers many dynamic features that in-person instruction lacks.
Why Take the CAIA Exam?
While there are many paths you can take toward a finance career, alternative investments encompass some of the most exciting investment forms, including hedge funds, private equity, real estate, commodities, and structured products. If you’re interested in working with these kinds of investments, the CAIA exam is for you. This is especially true since many of the other financial certification programs—like the Chartered Financial Analyst (CFA) exam—to not cover alternative investments in depth.
Passing the CAIA exam enhances your professional credentials and gives you a competitive advantage in the financial career market. Employers in the alternative investment industry all over the world recognize the CAIA designation. A passing score signals to potential employers and clients that you have a comprehensive knowledge of alternative investments and that you’re capable of making informed strategic decisions. Additionally, it signals your ability to set a difficult goal and to successfully pursue it.
There is a wide variety of experience levels when it comes to CAIA applicants. Some take the CAIA at the very beginning of their careers, perhaps right after earning an MBA or some other advanced finance degree. Still others pursue CAIA designation after already building a successful financial career and obtaining other financial certifications. The CAIA can be particularly helpful for catalyzing a transition in your career trajectory or seeking a senior position at your firm.
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CAIA Exam Overview
Level I
200 multiple-choice questions over two sections, each two hours long.
Content areas and approximate number of questions:
Intro to Alt. Investments (30)
Real Assets (20)
Hedge Funds (40)
Private Equity (40)
Structured Products (20)
Risk Management &
Portfolio Mgmt (40)
Professional Standards &
Ethics (10)
Level II
100 multiple-choice questions in two-hour morning session, before multiple-choice questions mixed with constructed-response questions in two-hour afternoon session.
Content areas and approximate number of questions:
Advanced Topics in Alt. Investments (10)
Asset Allocation &
Portfolio Management (15)
Private Equity (10)
Real Assets (10)
Commodities & Managed Futures (10)
Structured Products (10)
Current and Integrated Topics (10)
Ethics, Regulation, and ESG
(Environmental, Social, and Governance) (15)
CAIA Scoring
Individual questions are weighted and not all questions are weighted equally. Advanced topics and ethics are typically weighted heavily.
Both Level I and Level II are taken pass/fail, with an undisclosed passing score.
Proven CAIA Study Strategies
Preparing yourself to pass the CAIA isn’t just something you can cram for overnight. There is a vast amount of knowledge you need to acquire—and a wide array of skills you need to strengthen. For that reason, we recommend you start with a personal commitment of at least 1-2 hours of daily practice, five days a week, for six weeks.
We also recommend, both at the beginning of your CAIA prep and at regular intervals throughout, that you test your skills with official sample questions from the CAIA website. This will help you get a sense of where you stand—and how you’re progressing—with the actual content you’ll encounter on the CAIA exam.
Additionally, you will need to obtain a sufficiently large and accurate package of CAIA practice problems so you can continue your test prep. But it’s not enough to simply do the problems. At the end of each practice session, you should thoroughly review both your correct and incorrect answers. Only by learning more about why the correct answers are correct and how they’re derived will you really build mastery of the material.
And while we support a rigorous work ethic, it’s also highly important to take regular breaks, especially between completing practice problems and reviewing the answers. Building in this kind of break allows your mental capacity to regenerate, so you can actually build your understanding of how the problems and solutions work. Students who don’t take breaks tend to simply accept the explanations without critically assessing them or assessing the students’ own prior strategies. This prevents you from deepening your understanding and internalizing superior approaches.
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